Beazley raises £350m as it eyes cyber push

Large gold pound sign

Beazley has raised £350m as it flagged plans to accelerate growth in cyber and specialty business.

The placement completed today has added nearly 10% to the insurer’s issued share capital.

Ahead of the raise Beazley cited “market dislocation” in certain insurance classes as an opportunity to push ahead and deliver “outsized returns”.

On cyber the provider noted that “rates remain high, and demand continues to outweigh supply with significant barriers to entry for new carriers”.

According to Marsh, cyber pricing in the UK eased in the third quarter. However while the year-on-year rise was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options


Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Arch goes live on Applied

Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: